Overview
Modulr is an electronic money institution offering payment automation and API infrastructure for settlements, payouts and embedded financial products. The company is based in London and is a financial infrastructure provider.
Products - Embedded Payments API. - Payment accounts, including real-time accounts. - Mass payouts and payroll. - Direct Debit. - Visa and Mastercard issuing.
The platform connects directly to Faster Payments, SEPA and Bacs, according to the company. Developer documentation is published on readme.io.
Entities and markets Operating entities are Modulr FS Limited, Modulr Finance Limited and Modulr Finance B.V. The stated markets are the United Kingdom and the EU: the Netherlands, Ireland, Spain and France. Licensing and bank-partner arrangements differ by entity and market.
Clients and pricing Target segments are fintech companies, payroll, accounting software, travel and lending. Pricing combines enterprise API tariffs with per-operation fees. Reports note funding of more than USD 190 million, including from PayPal Ventures and FIS. Describe payout volume, recipient countries and your accounting system when requesting terms.
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